Form 4: Sprout Social CEO Ryan Barretto Sells 16,800 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Sprout Social CEO Ryan Paul Barretto sold 16,800 shares of Class A Common Stock at an average price of $30.989 per share on December 30, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Ryan Paul Barretto, CEO of Sprout Social, Inc., sold 16,800 shares of Class A Common Stock on December 30, 2024.
- The shares were sold at a weighted average price of $30.989, with individual transaction prices ranging from $30.66 to $31.24.
- The sale was executed under a pre-arranged 10b5-1 trading plan adopted on August 31, 2023.
- Following the transaction, Mr. Barretto directly owns 546,343 shares and indirectly owns 153,375 shares through trusts.
- The indirect holdings include 60,000 shares held by the Ryan Paul Barretto 2020 Gift Trust and 93,375 shares held by the Ryan Paul Barretto Revocable Trust.
- Mr. Barretto also holds 546,343 restricted stock units (RSUs) that vest over various future dates.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an insider stock sale under a pre-arranged plan. It doesn't indicate any significant positive or negative sentiment.
Risks
- Sales by insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives to sell shares under pre-arranged 10b5-1 plans to avoid accusations of insider trading.
Comparison to Industry Standards
- Executive stock sales are a common occurrence in publicly traded companies, especially under 10b5-1 plans.
- The volume of shares sold is not unusual for a CEO of a company of Sprout Social's size.
- Comparable companies such as Hootsuite and Buffer also see similar insider trading activity.
Stakeholder Impact
- The stock sale may have a minor impact on shareholder sentiment, but it is unlikely to be significant given the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 08/31/2023 | Date the 10b5-1 trading plan was adopted by Ryan Paul Barretto. |
| 12/30/2024 | Date of the stock sale transaction. |
| 12/31/2024 | Date the Form 4 was signed. |
| 03/01/2025 | First vesting date for some of the reported RSUs. |
| 06/01/2025 | First vesting date for some of the reported RSUs. |
| 10/01/2025 | First vesting date for some of the reported RSUs. |
| 01/01/2026 | First vesting date for some of the reported RSUs. |
Keywords
Sprout Social, Ryan Barretto, insider trading, Form 4, stock sale, 10b5-1 plan, executive compensation, equity securities
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